Crypto company Simply Staking has launched a new Berachain Staking dashboard enabling its users to stake the network’s BGT tokens.
Simply Staking’s support for Berachain follows the blockchain’s mainnet launch and $1.1 billion community airdrop this week.
Through Simply Staking’s dashboard, BGT owners can delegate their assets to validators and play a role in securing the network.
Users retain full control of funds at all times, as Simply Staking’s platform integrates directly with compatible crypto wallets.
“With Berachain’s launch, staking opportunities are expanding rapidly,” a spokesperson for Simply Staking said, adding that its dashboard. “eliminates the complexity of staking, empowering users to make use of their Bera securely and efficiently.”
‘Secure, non-custodial staking’
According to Simply Staking, its Berachain dashboard delivers a “fully non-custodial trading experience” that eliminates reliance on third parties.
Users can also access real-time insights on staking rewards, track earnings to date, and modify their strategies to maximize returns.
Beyond playing a role in keeping Berachain’s Layer-1 network secure, owning BGT also gives crypto enthusiasts the right to vote on matters that will affect the future direction of this project.
Berachain bills itself as a “proof-of-liquidity” protocol that offers key differences from proof-of-stake chains.
Positioned as a rival to the likes of Ethereum and Solana, Berachain’s consensus mechanism aims to “realign incentives between validators, applications, and users,” ensuring that every transaction has a direct impact on network liquidity and security.
BGT is one of three native tokens within Berachain’s ecosystem, along with BERA and HONEY, and is a non-transferable asset focused on rewards and governance that can be earned by participating in “productive activities” across the network.
‘Transparent tracking’
Simply Staking’s platform is designed to benefit retail and institutional investors alike, at a time when Wall Street interest in digital assets is growing at pace.
The company told Decrypt that it now has more than $1 billion in assets staked across the cryptocurrencies it supports, with Berachain the latest to be added. Simply Staking also provides dedicated dashboards for the likes of Ethereum, Cosmos, and Polkadot.
With stakers prioritizing reliability, as validator interruptions can result in penalties, Simply Staking operates its own Tier 3 data center to “guarantee unmatched uptime and security.”
To address concerns that staking is too complicated for most everyday investors, Simply Staking told Decrypt that its goal is to streamline this experience for all—without compromising on safety and performance.
The company’s Berachain Staking dashboard provides a wealth of information to help crypto enthusiasts learn more about Berachain—with a review of its ecosystem, a technical deep dive into how this blockchain works, and an easy-to-understand look at some frequently asked questions.
With support for more than 50 protocols, Simply Staking says it’s on a mission to shape the future of decentralized technology.
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Source: https://decrypt.co/304920/simply-staking-adds-support-for-berachain-unlocking-bgt-rewards
